J.M. Keynes Versus F.H. Knight Risk, Probability, and Uncertainty /

• Main Author: Sakai, Yasuhiro (Author, http://id.loc.gov/vocabulary/relators/aut)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Singapore : Springer Singapore : Imprint: Springer, 2019.
• Edition: 1st ed. 2019.
• Series: Evolutionary Economics and Social Complexity Science, 18
• Subjects: Economic history.; Economic theory.; History of Economic Thought/Methodology.; Economic Theory/Quantitative Economics/Mathematical Methods.; Economic History.

This book critically discusses and systematically compares J.M. Keynes and F. H. Knight, two giants in the history of economic thought. In 1921 they both published apparently similar books on risk, probability, and uncertainty. However, while Knight's contribution on risk and uncertainty is now...

Table of Contents:

• Part 1: History and Decision
• Chapter 1: How My Life and Work have been Influenced by J.M. Keynes and F.H. Knight: Introduction and Summary
• Chapter 2: On the Economics of Risk and Uncertainty:A Historical Perspective
• Chapter 3: J.M. Keynes on Probability versus F.H. Knight on Uncertainty: Reflections on the Miracle Year of 1921
• Chapter 4: Daniel Ellsberg on J.M. Keynes and F.H. Knight: Risk, Ambiguity, and Uncertainty
• Part 2: Market and Application
• Chapter 5: Involuntary Unemployment versus Involuntary Employment: J.M. Keynes and Beyond
• Chapter 6: Frank H. Knight on Uncertainty and Profit: Manager versus Entrepreneur
• Chapter 7: Frank Knight on Market Thinking: Reflections on the Logic and Ethics of the Capitalist Economy
• Chapter 8: An Application to Nuclear Power Generation: From Daniel Bernoulli to J.M. Keynes and F. H. Knight.